Description

Fr. 21 $1 1875 Legal Tender PCGS New 60. A little light
stain around the edges, visible almost entirely from the back, held
the grade down on this important rarity. This is a rare note in any
grade, with only about two dozen examples known to exist. CAA has
sold roughly half of the known examples in our previous 40+ sales,
and only 4 of them were higher grade than this note. Opportunities
to purchase notes of this number come along at the rate of about
one per year, and should not be passed over lightly if you want to
own one. This note, in spite of its minor problem, faces up like a
Superb piece due to its stunningly bright red overprint and broad
face margins. The overprint on this series is almost universally
light pink. Our consignor has owned this note since its last market
appearance as Lot 1076 of the 1984 Memphis auction.